Cover for Bad Debt Losses - Euler Hermes Kreditversicherungs-AG

Cover for Bad Debt Losses:
An investment which pays dividends!
All too often, however, neither determined
action to secure payment nor the support of
the courts is successful: many thousands
of companies every year realize too late that
there is nothing to be got out of their
customers. The most frequent reasons for
incurring such bad debts and their consequences:
The creditor has insufficient information
about the financial strength of his business
partner.
Retention of title is not enough to protect
from loss.
If a company is undercapitalized, bad debt
losses can be an immediate threat to its
existence.
Major insolvencies lead to knock-on consequences,
e.g. for sub-contractors.
When things have reached this point, a
credit insurance policy is generally the only
way out. It will give your company comprehensive
protection against bad debt losses.
On top of that it provides a valuable service
to you by carrying out a specific check in
advance on the customers you do business
with. In this way you gain the knowledge
which enables you to avoid a lot of problems
before they arise.
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